Common use of Security Charge Clause in Contracts

Security Charge. 10.1 In consideration of the Company agreeing to supply the services, the Customer agree to charge all of its rights, title and interest (whether joint or several) in any land, realty or other assets capable of being charged, owned by the Customer either now or in the future, to secure the performance by the Customer of its obligations under these terms and conditions (including, but not limited to, the payment of any money). 10.2 The Company shall have the right to lodge a caveat over any real property to secure the charge in 10.1 above and the Customer consents to the grant of a Caveatable interest by way of an equitable charge to protect and secure the payment of all monies owing to the company.